CHICAGO (CBS) — As individuals get again to work, they’re stunned how costly it may be to get round. Costs for ridesharing are spiking, and that’s driving individuals again to a extra conventional type of transportation — taxis.
Cabbies say enterprise is making a sluggish comeback.
When Brian Jones was on the brink of hail his personal cab exterior of O’Hare Worldwide Airport, he mentioned it was his first time in years.
“That is my first time since I used to be a child,” he mentioned.
He was one in all no less than a dozen who mentioned the identical.
“I’m really busier than I’ve ever been, ever, in eight years,” mentioned taxi cab driver William Ainsworth.
He mentioned ready within the taxi line at O’Hare is faster than ever.
“The worst we’d wait 4 hours for a visit,” he mentioned.
Now he mentioned he waits about half an hour.
“We’re seeing alternatives for earnings for taxi cab drivers that we haven’t seen shortly,” mentioned DePaul transportation professional Joe Schwiterman.
He cites rideshare surge pricing and rising rivals like Curb, an app that permit’s riders order taxis straight from their telephones.
Analysis published by New York-based data scientist Todd Schneider exhibits each each rideshares and taxi rides fell dramatically and picked up when the town reopened. However whereas ridership grew throughout the board beginning in March of 2021, the speed of that progress for taxis outpaced rideshares.
“Taxi cabs are positioned to type of elbow their approach right into a market that’s been powerful the final decade,” Schwieterman mentioned.
He mentioned this doesn’t imply rideshare received’t keep on high, however it does bode properly for the cab trade.
“The hole has narrowed,” he mentioned. “Uber and Lyft are getting some a lot wanted competitors. Now they’ve a feisty competitor within the taxi cab trade to fret about. That’s excellent news for everyone.”
Nevertheless, the driving force scarcity is a shared one, as is the longer than regular wait time. Chicago taxi firms like Yellow Cab say that as of mid June they solely had 15% of their drivers again.
“Taxi cab firms, similar to Uber and Lyft, are reporting driver shortages throughout the board. [Drivers] are hesitant to leap again in because of well being dangers, issues and crime,” mentioned Schwieterman.